Xa usenza utyalo-mali lwakho kwiimarike zokulingana zaseSpain, enye yezinto ekufuneka ujonge kuzo licandelo oya kuthi ulibhekise kulo lonke ulondolozo lwakho. Iya kuba sisigqibo esibaluleke kakhulu kwindalo elandelayo yotyalo-mali lwakho kuba umahluko ukusuka kwelinye icandelo ukuya kwelinye kwimarike yemasheya unakho fikelela kwi-5%. Kwaye ke inokuba nefuthe kwisiphumo sokusebenza kwakho kwezi asethi zemali. Ngesi sizathu, kubaluleke kakhulu ukuba uhlalutye amacandelo anokuba ngcono ukukhusela umdla wakho njengomtyali mali.
Ngaphakathi kulo mxholo ngokubanzi, kuya kufuneka ubone ukuba umnikelo onikezelwa yimarike yezabelo ubanzi kwaye wahlukile ngokwendalo. Isuka e ukubhenka ngombane, sihamba ngokutya. Oko kukuthi, unezindululo ezininzi onokukhetha kuzo kwaye olu khetho luya kutyhilwa kwiindlela ezahlukeneyo zokuziphatha ngamacandelo emarike esitokhwe ngasentla. Apho esinye sezicwangciso zotyalo-mali onokuthi usenze kukunxaxha kuyo njengenjongo yokugcina ukonga ukusukela ngoku.
Ngelixa kwelinye icala, kufanelekile ukuba uyazi ukuba amanye amacandelo asebenza ngcono kunamanye kumaxesha athile. Zombini ngokubhekisele kwiinkqubo ezandayo nezicokisekileyo. Kwaye kuwo omabini la matyala kuya kufuna unyango olwahlukileyo ngokuxhomekeke kwimeko yezoqoqosho. Kungenxa yesi sizathu ukuba amacandelo kwinqanaba lehlabathi anokuhlula phakathi cyclicals kunye non-cyclicals Kwaye banokukunika ngaphezulu koluvo olunye malunga nokuba ungawakhetha phi amaxabiso ukwenza ukuba imali ekhoyo ifumaneke. Into esetyenziswa ngabatyali zimali abancinci nabaphakathi ukwenza izigqibo zabo kwiimarike zezabelo kweli.
Amacandelo kwimarike yemasheya, ukubhankisha
Akuthandabuzeki ukuba yenye yezona zibalulekileyo kwimarike yesitokhwe sikazwelonke kwaye inobunzima obubaluleke kakhulu kwi-Ibex 35. Liyinxalenye emelwe kakuhle kakhulu kwiimarike zokulingana zikazwelonke nakweyiphi na imeko engaphezulu kwezalathiso zamazwe angabamelwane. . Ngabameli njengoko benjalo BBVA, Santander, Bankia okanye Sabadell ukukhankanya ezinye izindululo zalo mgaqo ubalulekileyo weshishini. Eyona nto ibonakaliswa lixabiso kwisahlulo esibonelela ngesiqingatha somyinge we-5%, kwi-avareji yamaxabiso eklabhu ekhethiweyo kwimarike yaseSpain. Oko kukuthi, awuyi kuba nangxaki ngokubeka imali yakho ukusukela ngoku.
Ngelixa kwelinye icala, awungekhe ulibale ukuba olu didi lwamaxabiso lubonakala ngokukhuseleka kakhulu. Ngaphandle kwento eyenzekileyo kule minyaka idlulileyo Banco Popular ukuya kuthi ga kwinqanaba elincinci neBankia. Kule ndlela, kufanele kuqatshelwe ukuba eli lelinye lawona macandelo amabi kakhulu athe aziphatha ngo-2019. Ngokuhla kwezikhundla zawo kwaye kwezinye iimeko abaluleke kakhulu kwimidla yabatyali mali abancinci nabaphakathi. Ngenxa yomngcipheko abanawo kwaye oko kunokudala enye ingxaki kwezi zihlandlo zichanekileyo.
Umbane njengexabiso lokusabela
Eli licandelo lezokhuseleko ngokugqwesa njengoko bekubonwe kwisiqingatha sokuqala sika-2019 Ukuxabisa konyaka ngaphezu kwe-10% kwaye ikwaxela ulwabiwo lwesahlulo ngenqanaba lenzala lisondele kakhulu kwi-7%. Ngamanye amagama, elona liphezulu kwisalathiso esikhethiweyo seemakethi zesizwe zokulingana. Ukuzikhusela kwinto enokwenzeka kwiimarike zezemali kwiintsuku ezizayo. Ngokhuseleko olufanelekileyo olunje nge-Endesa, Iberdrola okanye i-Naturgy, njengezona zibalulekileyo.
Eli candelo libonakaliswe yinto yokuba liqhuba ngcono ekuhambeni okungapheliyo kwimarike yemasheya kwaye, ngokuchaseneyo, kubi kakhulu kunabileyo. Ukusuka kule ndawo yokujonga, kukubheja kwimarike yesitokhwe enabasebenzisi abakhuselayo okanye abagcinayo abanesona sizathu sokuvula izikhundla. Akumangalisi ukuba, zezona zibanceda kakhulu ukugcina izikhundla zabo kwimarike yemasheya, zikhuliswa yinzuzo yezabelo zabo zesisa kubanini zabelo. Ngelixa kwelinye icala, amaxabiso abo azinzile kunakwamanye amacandelo eshishini.
Iinkampani zokwakha phantsi kokhuseleko lwezitena
Lisisiseko secandelo loqoqosho lwaseSpain kwaye lisebenze njengomamkeli wolondolozo lwenxalenye enkulu yabatyali mali abancinci nabaphakathi. Okwangoku, ukungafani kwiinkampani zabo kubanzi kakhulu, apho kukho amaxabiso athile ngokucacileyo, ngelixa abanye bekwindawo engentle. Kunye Ulwabiwo lwesahlulo engenye yezona zinomvuzo kwisalathiso esikhethiweyo sezabelo zeSpain. Ngaphandle kwento yokuba imigca yayo yeshishini ibe yinzuzo kakhulu kule minyaka idlulileyo.
Ngale ndlela, i-ACS, imisebenzi yoKwakha kunye neeNkonzo, ibandakanyiwe kwi-Dow Jones Sustainability Index (DJSI), zombini kwisalathiso sehlabathi (i-DJSI World) nakwi-Yurophu enye (i-DJSI yaseYurophu). Ezi zalathiso zezinye zeendlela eziphambili kulawulo nozinzo kwaye ziyaziqonda iinkampani ezikhokelayo, ngokwemiqathango yezoqoqosho, ezokusingqongileyo nezentsebenzo yentlalontle kusetyenziswa indlela yovavanyo kunye neendlela zokuvavanya.
Icandelo lezokhenketho elinamandla amancinci
Eli lelinye lamacandelo oqoqosho lwesizwe anefuthe elikhulu kwaye, nangona kunjalo, alinawo amandla amakhulu kwizalathiso zentengiso yesitokhwe zelizwe lethu. Ngamaxabiso ambalwa kakhulu kwaye uninzi lwazo kufuneka ludityaniswe kwisalathiso esikhethiweyo sezabelo zamazwe, i-Ibex 35. Apho kukho amacandelo oshishino afana neenkampani zeenqwelo moya, amaziko okubhukisha ingakumbi indawo yokuhlala ehotele. Ngokutyikitywa kokufaneleka kwe Iihotele ze-NH, iSol Meliá, Amadeus, IAG okanye uVueling. Ngorhwebo oluphakathi okanye oluncinci kwizikhundla zabo kwiimarike ze-equity.
Kwicandelo, elinjengezokhenketho, ebikade inamaxesha eminyaka edlulileyo apho ingeniso engephi evela kukhenketho lwangaphandle ikhule ngokweBhanki yaseSpain ngokomyinge wereyithi yonyaka ye-4%, oko kukuthi, ukukhula kwamazinga e-2% kunyaka ngamnye emva kokuthotywa. ukunyuka kwamaxabiso. Kodwa oko akunampembelelo kwiimarike zezemali. Ukuba akunjalo, ngokuchaseneyo, ziimpawu ezibonisa ukuthambeka okwangoku ngaphandle koku idatha elungileyo evela kwicandelo lokhenketho eSpain. Ngokubuyiswa kwesabelo ngasinye ngezantsi kwala macandelo kwaye ibiyinto yoxinzelelo kwintengiso ekufuneka inyanzelwe ngumthengi.
Icandelo lezemizi-mveliso, libonakala kancinci kakhulu
Ayinamandla njengakwamanye amazwe kwindawo esondele kuyo. Ngaphandle kokumelwa kwayo kwisalathiso esikhethiweyo kwii-equities zesizwe. Apho izinto zalo ezifanelekileyo zezinto zokugaya zentsimbi ze Arcelor okanye iAcerinox. Apho umthamo wokuthunyelwa kweemveliso zensimbi kwikota yesibini ye-2019 ume kwiitoni ezizizigidi ezingama-22,8, ezimele ukwanda kwe-4,3% xa kuthelekiswa nekota yokuqala yowama-2019 kunye nokunyuka kwe-4,8% ngokubhekisele kwikota yesibini yowama-2018; Umthamo wokuthunyelwa kweemveliso zensimbi kwisiqingatha sokuqala se-2019 yayizizigidi ezingama-44,6 zeetoni, ezimele ukonyuka kwe-3,5% kwiminyaka ngeminyaka
Ukondla kumelwe phantsi
Elinye lawamacandelo lixabiseke kancinci kwaye izehlo zalo azidluli kwiinkampani ezimbalwa ezidwelisiweyo. Apho elona candelo lichaphazelekayo Ebro kwaye ayidweliswanga ngokuchanekileyo kwi-Ibex 35. Kuzo naziphi na iimeko, lelinye lawona macandelo azikhusela kwizabelo zamashishini ezingenanzala emisiweyo kuzwelonke kwaye oko kulawula ukukhusela ugcino lwabasindisi abancinci nabaphakathi abangafuni mngcipheko kwimisebenzi yabo. Kwaye ke ngenxa yoko bakhetha ezinye zezi nqabiseko kwelinye icala ezingabonakalisi inzuzo yezahlulelo zabo.
Ngelixa kwelinye icala, zinemali encinci kakhulu kuba zimbalwa kakhulu izihloko ezihamba kuzo zonke iiseshoni zokurhweba. Yintoni evumela izandla eziqinileyo zeemarike zezemali ukuba zisebenzise amaxabiso ezabelo zabo. Oko kukuthi, zinezihloko ezimbalwa kakhulu abanokuzenza ezizezona zilungele iimfuno zabo kwaye ezichasene neenjongo zabatyali mali abancinci nabaphakathi. Ukusuka kule ndawo yokujonga, eli candelo alikhuthazwa kakhulu ukuba livule izikhundla ukusukela ngoku. Ukuba akunjalo, ngokuchaseneyo, kunokuba kwenziwe imisebenzi ethile kwaye kungaphezulu komda kwimisebenzi.
Ezi ndlela zishwankathela amanye amacandelo apho unokutyala khona imali oyifumanayo. Nangona kungenxa yezindululo ezimbalwa kakhulu zokuya kwaye zonke azibonakali kakhulu kwiimarike ze-equity. Ngaphandle kwefuthe elifanelekileyo kubasebenzisi. Ngokubuyiswa kwesabelo ngasinye ngezantsi kwala macandelo kwaye ibiyinto yoxinzelelo kwintengiso ekufuneka inyanzelwe ngumthengi.